Toyota set to overtake GM in global production: report

ChrisOliver

HONG KONG (MarketWatch)-- Toyota Motor Corp
TM, +0.15%
is on track to surpass General Motors
GM, -0.20%
as the world's largest automaker in terms of output this year after the U.S. automotive giant cut its second-half production forecast, according to Japanese media reports Wednesday. The Nikkei News reported Toyota's full-year production target of 9.42 million vehicles should see the Japanese automaker overtake GM which expects to produce 9.28 million units. GM said Tuesday it expects to produce 1.05 million vehicles in North American in the July to September period, or about 2% lower that its original target. GM also said it expects to produce about 1 million vehicles in North America during the fourth quarter, or about 10% less than earlier forecast.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.